MUMBAI (Reuters) – The rupee fell on Friday following large outflows from a private equity firm’s stake sale, climbing down after the government’s push for fiscal and economic reforms had sent the local currency to a six-month high earlier in the session.

The falls on Friday end a five-day winning streak, with analysts warning of some consolidation, especially with U.S. monthly jobs data due later in the day and in the run-up to the Reserve Bank of India’s policy review at the end of the month.

MUMBAI, Oct 5 (Reuters) – The Indian rupee fell on Friday
following large outflows from a private equity firm’s stake
sale, climbing down after the government’s push for fiscal and
economic reforms had sent the local currency to a six-month high
earlier in the session.

The falls on Friday end a five-day winning streak, with
analysts warning of some consolidation, especially with U.S.
monthly jobs data due later in the day and in the run-up to the
Reserve Bank of India’s policy review at the end of the month.

MUMBAI (Reuters) – The rupee rose to a five-and-a-half-month high on Thursday, as the government looked set to push forward with more fiscal and economic reforms, sparking a rally in stocks that is expected to attract more foreign investor inflows.

The cabinet was due to meet on Thursday to approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors.

MUMBAI, Oct 4 (Reuters) – The Indian rupee rose to a
five-and-a-half-month high on Thursday, as the government looked
set to push forward with more fiscal and economic reforms,
sparking a rally in stocks that is expected to attract more
foreign investor inflows.

India’s cabinet was due to meet on Thursday to approve bills
that would raise the cap on foreign direct investment in
insurance firms and open the pension sector to foreign
investors.

MUMBAI (Reuters) – The rupee gained for a fourth consecutive session on Wednesday to touch a new five-month high as companies and custodian banks sold dollars, with dealers expecting more such sales in coming sessions.

The gains has been largely driven by foreign fund inflows into rallying local equities, which received over $3.5 billion net purchases last month.

MUMBAI, Oct 3 (Reuters) – The Indian rupee gained for a
fourth consecutive session on Wednesday to touch a new
five-month high as companies and custodian banks sold dollars,
with dealers expecting more such sales in coming sessions.

The gains has been largely driven by foreign fund inflows
into rallying local equities, which received over $3.5 b illion
i n net purchases last month.

MUMBAI (Reuters) – The rupee rose for a third consecutive session on Monday to hit a new five-month high as hopes for an improving economy, and fiscal and economic reforms from the government, continue to spur inflows from foreign funds, while exporters sold dollars.

Overseas investors have poured in $3.7 billion in Indian equities and debt in September, primarily driven by government action including raising subsidised diesel prices and opening up sectors to foreign direct investment.

MUMBAI, Oct 1 (Reuters) – The Indian rupee rose for a third
consecutive session on Monday to hit a new five-month high as
hopes for an improving economy, and fiscal and economic reforms
from the government, continue to spur inflows from foreign
funds, while exporters sold dollars.

Overseas investors have poured in $3.7 billion in Indian
equities and debt in September, primarily driven by government
action including raising subsidised diesel prices and opening up
sectors to foreign direct investment.

MUMBAI (Reuters) – The rupee rose to a five-month high on Friday, helping it gain the most in 13 quarters, as global risk sentiment improved, and the government stuck to its original borrowing plan, showing further signs of fiscal discipline.

The government said after trading hours on Thursday it will stick to its scheduled 2 trillion rupees borrowing plan for October-March and will not borrow more via bonds.

MUMBAI, Sept 28 (Reuters) – The Indian rupee rose
to a five-month high on Friday, helping it gain the most in 13
quarters, as global risk sentiment improved, and the government
stuck to its original borrowing plan, showing further signs of
fiscal discipline.

The government said after trading hours on Thursday it will
stick to its scheduled 2 trillion rupees ($37.58
billion)borrowing plan for October-March and will not borrow
more via bonds.